Main Street Capital Investor Day Presentation Deck
Main Street's Private Loan Investment Strategy
Investment Objective
U.S. focused Private Loan strategy investing primarily
in senior secured first lien loans of companies owned
by or being acquired by Private Equity Sponsors (1)
seeking capital for acquisitions, leveraged buyouts and
recapitalizations
Investment Criteria
Primary Sectors: Business Services, Consumer,
Food & Beverage, Healthcare, Industrials, Leisure /
Entertainment, Tech / Software, Telecom and Media
•●
MAIN ST
Lead/Co-Lead Investment Profile
Target Market: Companies with $7.5 million to $50
million of EBITDA
• Target Investment Loan Size: $20 million to $150
million
CAPITAL CORPORATION
• Target Securities: First Lien Loans, Unitranche
Loans, Equity Co-Invest
Target Return: 9.0% to 14.0%; subject to
fluctuation based upon changes in underlying
floating market index interest rates
Risk Profile
Seek to avoid: Distressed / stressed situations, highly
cyclical / seasonal businesses, low margins, capital
intensive businesses, high customer concentration,
inexperienced management teams
NYSE: MAIN
Target loan tolerance factors: Total leverage range
below 4.5x, debt to cash equity below 60%,
demonstrated cash flow generation
(1) Private Equity Sponsor includes (a) traditional private equity funds managed by a private equity firm and (b) family office or other institutional investors with an investment history and capabilities consistent
with a private equity sponsor
Main Street Capital Corporation
mainstcapital.comView entire presentation